Oilfield equipment manufacturer STAK Inc. signed a memorandum of understanding to form a majority-owned U.S. subsidiary. STAK will hold a 60% stake in the Delaware-incorporated entity. The new company will base its operations in Texas to address rising energy demands from AI computing.
The subsidiary will commercialize modular gas-to-electricity generation systems. Each containerized unit produces up to 1.4 megawatts of power. These systems can scale for large data center campuses and run on various gaseous fuels, including natural gas.
STAK plans to secure environmental permits for near-term commercial deployment. The launch remains subject to final agreements.